Eurozone finance ministers endorsed Italy's rescue of some of its banks on Monday (10 July), but said that European rules on banking resolution should be strengthened.
Last month, the Italian government decided to provide up to €17 billion to save Banca Popolare di Vicenza (BPVI) and Veneto Banca, which were at risk of failing due to massive debts.
The plan came as the government is also trying to Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.To read this story, log in or subscribe